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The foil is silver on the back of all notes. The old five pound note ceased to be legal tender on 5 May 2017. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. Date first issued: 21 February 1957 £1,000 notes not issued by Bank of England Country Branches except Hull between 1882 and 1889. Printed by Waterlow Bros and Layton on banknote paper. The old ten pound notes ceased to be legal tender on 1 March 2018. Scottish Bank notes aren’t actually legal tender! Extended the Bank Notes Act 1833 to make Bank of England notes under £5 in value legal tender; act also applied to Scotland, making English 10/- and £1 legal tender for the first time. Colour: Predominantly blue Date first issued: 1765 Date ceased to be legal tender: 29 October 1962 Colour: Monochrome (printed on one side only) Bank of England notes are not legal tender in Scotland and Northern Ireland, but are accepted there along … The Bank of England has said that unspent, paper, £20 notes are still legal tender. In fact, they are the ONLY notes that are legal tender there and anywhere else in the UK. Size: 5 15/16" x 3 5/16" (151mm x 84mm) Design: Bank of England, Date first issued: 21 May 2002 In the United States, the recognized legal tender consists of Federal Reserve notes and coins. First and only issued Bank of England 10 Shilling note to carry portrait of monarch. Date first issued: 5 June 1991 Design: W M Keesey and others. Revised version issued: additional denomination symbol £10, black in colour, to replace crown feature in top-right corner of note (front); further denomination symbol £10, dark brown in colour, added to top-right corner of note near head of Charles Dickens (reverse). Date first issued: 1 March 1993 In 1922, wording at the top changed to ‘United Kingdom of Great Britain and Northern Ireland’. Date first issued: 1759 Design: Andy Ward as Chief Designer and design work by Debbie Marriott, Date first issued: 22 June 1999 Sir Christopher Wren portrayed on the reverse. Design: W M Keesey and others. Design: Robert Austin. At least £2.1bn worth of old £10 notes need to be spent or exchanged before they cease to be legal tender. Issued also by Bank of England Country Branches from 1826. The Houblon £50 note was introduced in April 2014 but is no longer legal tender. Design: Bertram Mackennal. (3) Bank notes shall be payable only at the head office of the Bank of England unless expressly made payable also at some other place. Date ceased to be legal tender: 5 May 2017 Colour: Predominantly green Colour: Revised version issued - colour of denomination symbol "£5" in top-left corner changed to bolder dark blue/green (front) and stronger olive/drab colour (back) Size: 5 3/4" x 3 1/16" (145mm x 78mm) Size: 5" x 2 1/2" (127mm x 64mm) Colour: Predominantly brown We will announce the withdrawal date after we have issued our new polymer £20 note. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. Date first issued: 7 June 1990 Date ceased to be legal tender: 13 March 1961 Date first issued: 1725 Colour: Brown. Incorporated metal thread for first time: permanent feature since 1948. The legal position with regard to Scottish Banknotes is as follows: Scottish Banknotes are legal currency – i.e. No: Damaged UK coins or mutilated UK coins are not legal tender. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. David and Belinda are very angry about this and are threatening legal action. The same rules apply across the UK. Size: Approx 7 11/16" x 4 11/16" (195mm x 120mm) There are certain rules for smaller value coins and how many can be used at once. Date ceased to be legal tender: 21 November 2003 Banknotes issued by Scottish and Northern Irish banks are not … Date first issued: 7 November 2000 (2) All bank notes issued under this section shall be legal tender in England and Wales, and all such notes of denominations of less than five pounds shall be legal tender in Scotland and Northern Ireland. Design: Roger Withington & Andrew Ward. The Scottish banks issue notes in denominations of £5, £10, £20, £50 and £100.Only the Royal Bank of Scotland continues to issue a small volume of £1 notes. Date ceased to be legal tender: 27 June 1967 2008 Banking Act 2009: UK Issued also by some Bank of England Country Branches. You will still be able to use the paper £20 note until we withdraw it from circulation. Date ceased to be legal tender: 29 November 1991 Design: H N Eccleston and Roger Withington. Colour: Black on white (printed on one side only) Design: Bertram Mackennal. There are £5, £10 and £20 notes printed on polymer. Would you like to give more detail? Date ceased to be legal tender: 31 May 1979 The foil is gold on the front of the £5 and £10 notes and blue and gold on the front of the £20 note. Date ceased to be legal tender: 1 March 1946 Design: Several changes of design between 1797 and 1821. Rare Coins that are now worth a small fortune The good news is that coins from the Royal Mint do have legal tender status north of the border - to a certain extent. Colour: Monochrome (printed on one side only) Exchanging old notes. Date ceased to be legal tender: 16 April 1945 In recent years, the UK’s seen new pound coins, £5 notes and £10 notes, with further changes to come. Date ceased to be legal tender: 1 August 1933 Colour: Brown and green. First £20 note to carry portrait of monarch and to use threaded paper. Colour: Front green, back green James Watt invented the modern steam engine, and in 1775, he partnered with Matthew Boulton to start a British engineering and manufacturing firm. Luckily, there is no need to rush to the nearest shop, reports the Daily Star. Date first issued: 22 January 1917 Colour: Monochrome (printed on one side only) Size: 5 7/16" x 3 1/16" (138mm x 78mm) Date first issued: 22 October 1918 About the new 50-krone note . Issue of threaded notes in pre-war colour. Date first issued: 1725 Warren Fisher from September 1919. Size: 5 3/8" x 3" (136mm x 76mm) Date ceased to be legal tender: 30 April 2014 The old £5 note stopped being legal tender on Friday May 5, 2017 Credit: EBay ... Email us at tips@the-sun.co.uk or call 0207 782 4368. Date first issued: 14 August 1914 Issued also by Bank of England Country Branches from 1826. It was announced that there would be a co-circulatory period with the old series E notes, and then on 5 May 2017, the series E would cease to be legal tender. Design: George Eve. Signature of N.F. Instead she decided to accept Siobhan’s tender. Printed by Waterlow Bros and Layton on banknote paper. Printed by Waterlow Bros and Layton on banknote paper. There are massive errors about what legal tender means, and hoards of people, all over the UK, think it means a legal tender note must be accepted. Thanks! Banknotes issued by the authorised banks in Scotland and Northern Ireland are legal currency throughout the United Kingdom – i.e. Date ceased to be legal tender: 28 May 1962 Date ceased to be legal tender: 28 May 1962 We will announce the withdrawal date after we have issued our new polymer £20 note. Michael Faraday portrayed on the reverse; 'windowed' thread. Colour: Monochrome (printed on one side only) Date ceased to be legal tender: 1 March 2018 Coins up to 50p have a limit to the amount of debt they can be used to repay. Colour: Green. Legal tender has a very narrow and technical meaning in the settlement of debts. On 15 October 2017 a new 12-sided coin replaced the old pound coin. Design: £300 notes not issued by Bank of England Country Branches. Design: Robert Austin. Size: 6 1/7" x 3 1/3" (156mm x 85mm) Colour: Monochrome (printed on one side only) Design: Designed at Royal Mint from sketches by Frederick Atterbury. Printed on postage stamp paper. New 'windowed' security thread introduced on 16 July 1987. Date ceased to be legal tender: 11 March 1988 Colour: Black on white (printed on one side only) Top deals: Best Bank Accounts, Top Savings Accounts. Size: 5 15/16" x 3 5/16" (151mm x 84mm) Design: Bertram Mackennal. Date first issued: 20 March 1981 David submitted a tender of £10,000 by e-mail. Date ceased to be legal tender: 16 April 1945 You will still be able to use the paper £20 note until we withdraw it from circulation. Colour: Blue New Scottish £10 note isn't legal tender in England OR Scotland ... Carmichael wants to encourage businesses across the UK to recognise and accept Scottish banknotes with his legal tender bill. Colour: Multicoloured (predominantly mauve-purple) The old £5 note stopped being legal tender on Friday May 5, 2017 Credit: EBay What happens if you still have old £5 notes and how do you exchange them? There are £5, £10 and £20 notes printed on polymer. Wholesale cash distribution in the future. They can always be redeemed at the Bank of England even if discontinued. Well, the Bank of England states that only its banknotes are ‘legal tender’ in England and Wales. A particular feature of this note was that it had only one serial number. Date first issued: Between 1725 and 1745 Signature of N.F. We will give six months’ notice of this withdrawal date. The UK's central bank, the Bank of England, prints notes which are legal tender in England and Wales; these notes are also usable as money (but not legal tender) in the rest of the UK … Date ceased to be legal tender: 16 April 1945 Date first issued: 17 June 1948 Date first issued: 11 November 1971 On the front of any of the notes, you can feel raised print. Legal Position. Colour: Monochrome (printed on one side only) Date first issued: Between 1725 and 1745 Florence Nightingale portrayed on reverse. Warren Fisher from September 1919. Date first issued: 12 October 1961 Siobhan submitted a tender of “£100 lower than any other tender received” by post. Design: Reynolds Stone. Individual countries set their own rules regarding which notes are considered legal tender: In both England and Wales, notes issued by the Bank of England are considered legal tender. The following security features are found on the paper notes. There are over 3.9 billion Bank of England notes in circulation. About the new 200-krone note. Date ceased to be legal tender: 11 March 1988 Date ceased to be legal tender: unknown Size: Sizes vary 7 7/8" x 4 7/16" (200mm x 113mm) Coins up to 50p have a limit to the amount of debt they can be used to repay. There are also some restrictions when using small coins. Beautician rips new plastic £5 note pulling it from piggy bank with tweezers – but it’s still legal Jo Wingfield, 33, opened up the ceramic jar to discover two more notes were also slightly torn NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. Colour: Monochrome (printed on one side only) Features helmeted Britannia on front. Legal tender status (the IOM's definition of which is akin to the UK) of the 10 shilling, 50p and £1 polymer notes continued until 31 October 2013, and these notes remained in circulation (albeit rarely seen) until this date, after which they remain exchangeable at branches of the Isle of Man Bank. More than a year after they ceased to be legal tender, there are still £1.5bn-worth of paper £5 and £10 notes that haven’t been cashed in. Date first issued: 1945 Creditors are required to … Printed by Waterlow Bros. and Layton from plates by Eyre and Spottiswoode. Colour: Green. Bank of Ireland (UK) plc issues banknotes in denominations of £5, £10, £20, £50 and £100. The UK unit of currency is pounds sterling (£), not the Euro.If you plan on visiting Britain, it's important to familiarize yourself with the UK currency, especially since new note and coin designs have been circulated between 2016 and 2018. Together they are worth about £71 billion. Date ceased to be legal tender: 1 August 1933 Nicknamed "Bradburys" on account of signature of Sir John Bradbury, Permanent Secretary to the Treasury. Date first issued: 1759 Colour: Red-brown £500 notes issued by some Bank of England Country Branches from 1826. And £20 and £50 notes printed on paper. altrendo images/Getty Images. Design: Issued also by Bank of England Country Branches from 1826. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. Under a good quality ultraviolet light, the numerical value appears in bright red and green on the front of the notes, against a duller background. Size: 5 5/16" x 2 5/8" (135mm x 67mm) Size: Approx 8 1/4" x 5 1/4" (211mm x 133mm) We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. The old five pound note ceased to be legal tender on 5 May 2017. About the new 100-krone note. Size: Approx 7 11/16" x 4 11/16" (195mm x 120mm) Colour: Predominantly purple Around 53million £50 notes have ceased to be legal tender - meaning that they may no longer be acceptable as payment. Size: 5 9/16" x 2 15/16" (142mm x 75 mm) Date first issued: 2 March 1797 On 15 October 2017 a new 12-sided coin replaced the old pound coin. You can still spend, deposit or donate old £1 coins until 23:59 on Sunday 15 October 2017 as normal. New contoured thread used initially; 'windowed' security thread introduced on 21 July 1988. There are Scottish and Northern Irish £100 notes, these are legal currency (not legal tender) throughout the UK although rarely circulated outside the country of issue. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. Date first issued: 13 September 1948 Size: 5 15/16" x 3 5/16" (151mm x 84mm) 'In England and Wales, legal tender is Royal Mint coins and Bank of England notes. After then the coins will no longer be legal tender. In Scotland, no banknotes have this designation, and only Royal Mint coins are considered legal tender. Bank of England withdrew low-denomination notes in 1969 and 1988, removing legal tender from Scotland. Follows: Scottish banknotes is important for keeping the whole economy functioning 1948 date ceased to be for. A perfectly acceptable way to pay to … legal tender ’ has a very narrow and technical meaning the! Sued for non-payment if he pays into court in legal tender for payment of any the. 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